Quick charity verification for New Group Inc (EIN: 133613115)
Verdict: New Group Inc appears trustworthy
70/100Mission Score
$4.4MRevenue
$2.0MAssets
3Red Flags
3Strengths
Red Flags
Significant operating deficit in 2023 ($1,104,407), where expenses exceeded revenue.
Inconsistent revenue and expense trends, with large year-over-year fluctuations (e.g., revenue dropped from $7.2M in 2022 to $3.9M in 2023).
Recurring deficits in multiple years (2018, 2019, 2023) suggest potential financial instability or reliance on prior year surpluses.
Strengths
No reported officer compensation across all filings, indicating strong commitment to directing funds to mission.
Demonstrated ability to generate substantial revenue in certain years (e.g., $7.2M in 2022, $6.6M in 2020).
Positive net assets, even after recent deficits, suggesting some financial reserves (Assets of $2,874,597 in 2023).
Spending Breakdown
How New Group Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Group Inc
Is New Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Group Inc (EIN: 133613115) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is New Group Inc a good charity to donate to?
New Group Inc has a Mission Score of 70/100. Revenue: $4.4M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Group Inc?
The Employer Identification Number (EIN) for New Group Inc is 133613115. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Group Inc spend its money?
New Group Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Group Inc's tax-exempt status?
You can verify New Group Inc's tax-exempt status using EIN 133613115 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Group Inc. demonstrates a fluctuating financial performance over the past several years. While the organization reported a significant revenue of $7,271,580 in 2022, its most recent filing (2023) shows a revenue of $3,922,738 against expenses of $5,027,145, indicating a deficit of over $1 million. This trend of expenses exceeding revenue is also visible in 2018, 2019, and 2023, suggesting potential challenges in consistent financial management or reliance on prior year surpluses. The organization's assets have also shown considerable variability, peaking at $3,779,548 in 2021 and decreasing to $2,874,597 in 2023.
The organization's transparency appears strong regarding executive compensation, as all filings indicate 0% officer compensation, which is a positive sign for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent deficits in recent years, particularly the $1,104,407 deficit in 2023, warrant closer examination to understand the underlying causes and the sustainability of its operations. The significant swings in revenue and expenses year-over-year also suggest a need for more stable financial planning.